Stop below 4thleg down.
Healthcare stock that I hold. If I see a bad pattern, I sell part of it.
A cypher pattern has peak 2 higher than peak 1 like a shark but the Bullish Cypher terminates at the .786 on the 4th leg of the crooked M pattern. A Shark terminates at the .886 of the 1.113 of the 1st leg down.
The cypher is measures using fib levels from the 2nd peak (C) to the end of the entire pattern.
A Shark also has peak 2 higher than peak 1 but is measured from the 1st peak and not the 2nd peak.
No guarantees and no recommendation.
Healthcare stock that I hold. If I see a bad pattern, I sell part of it.
A cypher pattern has peak 2 higher than peak 1 like a shark but the Bullish Cypher terminates at the .786 on the 4th leg of the crooked M pattern. A Shark terminates at the .886 of the 1.113 of the 1st leg down.
The cypher is measures using fib levels from the 2nd peak (C) to the end of the entire pattern.
A Shark also has peak 2 higher than peak 1 but is measured from the 1st peak and not the 2nd peak.
No guarantees and no recommendation.